Darui Electronics announced on the evening of August 14 that it plans to acquire the remaining 20% equity stake in Dongguan Weiside New Material Technology Co., Ltd. in cash, based on an overall valuation of 478 million yuan for the target company, with a corresponding transaction price of 95.6 million yuan. The two parties agreed to sign a formal transaction agreement and advance the industrial and commercial registration changes before October 31, 2026, and also signed a supplementary agreement on the acquisition of the remaining equity and business divestiture. The supplementary agreement adjusted the original non-compete period to run from the signing of the original agreement until June 30, 2028. The company said the valuation fully takes into account Weiside's current profitability, its high-growth stage, and the application prospects of carbon fiber lightweight composite materials in consumer electronics, brain-computer interfaces, humanoid robots, storage, and other fields. After the acquisition is completed, it will achieve 100% control of Weiside.
Dongguan Tarry Electronics Co.LtdAcquiring remaining 20% stake for 95.6 million yuan to gain full control of Weiside.
Being fully acquired at a valuation reflecting its growth and prospects.
